Zee denies any link with Nityank Infra amid money laundering allegations

On Friday, the stocks of Essel Group-promoted companies - ZEEL, and Dish TV found themselves in the freefall after the news report was published

ZEE Entertainment Enterprises (ZEEL) has clarified, through a notice to the BSE, that it has no connection whatsoever with any alleged transaction(s) of Nityank Infrapower, as reported in the media. Last week, a report in The Wire suggested a link between Essel Group, the promoter of ZEEL, and Nityank Infrapower, a firm being investigated for suspicious deposits after demonetisation in November 2016.

The company added the Essel Group has also filed a legal case against the media platform, “which has maliciously attempted to establish a linkage between the Serious Fraud Investigation Office's (SFIO’s) investigation, and ZEEL’s promoters”.

“All queries related to demonetisation,